EXPLORE THE REPORT

Report contents

Overview

Chairman’s Statement CEO’s Statement Luberef at a Glance Empowering Industry Through Every Grade Performance Highlights Where We Operate Our Journey Year in Review Investment Case Shareholder Information

Strategic Review

Yanbu Growth II

Business Model Strategic Approach Strategy in Action Supporting Vision 2030 Market Review CFO Statement Financial Performance Business Overview and Products Production and Sales Production Facilities Operational and Safety Review Our People Stakeholder Engagement Risk Management

ESG Review

ESG at Luberef ESG Highlights

Corporate Governance Report

Committed to Upholding the Highest Standards of Corporate Governance Board of Directors Organizational Structure Senior Executives Board Composition Board Expertise and Leadership Board Independence and Evaluation Board Meetings and Attendance General Assembly Audit Committee Chairman’s Statement Audit Committee Annual Report Remuneration and Nomination Committee Compensation and Other Interests Governance, Risk and Compliance Dividend Policy

Financial Statements

Independent audit+

Independent Auditor’s Report

Financial statements+

Statement Of Financial Position Statement of Profit or Loss and Other Comprehensive Income Statement Of Changes in Equity Statement of cash flows

Notes to the financial statements+

1. General Information 2. Basis Of Preparation 3. Critical Accounting Estimates and Judgments 4. Material accounting policies 5. Property, Plant And Equipment 6. Leases 7. Intangible Assets 8. Employees’ Home Ownership Receivable 9. Loans To Employees 10. Inventories 11. Trade Receivables 12. Prepayment and Other Assets 13. Short-Term Deposits 14. Cash and Cash Equivalents 15. Share Capital 16. Statutory Reserve 17. Earnings Per Share 18. Borrowings 19. Employee Benefit Obligations 20. Other non-current liabilities 21. Provision for decommissioning obligation 22. Trade And Other Payables 23. Accrued Expenses and Other Liabilities 24. Related Party Transactions and Balances 25. Revenue 26. Cost Of Revenue 27. Selling And Distribution Expenses 28. General And Administrative Expenses 29. Finance Income 30. Finance Cost 31. Zakat And Income Tax 32. Financial instruments 33. Commitments and Contingencies 34. Operating segment 35. Subsequent Event 36. Approval Of Financial Statements